An analysis of BSE-500 stocks shows that eight companies had more than 90 per cent of their promoter holdings pledged in Q2FY20

Out of 40-odd listings this year (data is available for 31), 14 are trading at 10-79 per cent discount to issue price, while only 11 have rallied over 10 per cent against their issue prices

The first quarter results have been fairly robust. A revival seems round the corner.

Shares of banking stocks such as SBI, Bank of Baroda and Axis Bank fell up to 2 per cent in trade on Monday after government picked RBI deputy governor Urjit Patel as the next governor to succeed Raghuram Rajan.

With the announcement of Urjit Patel being selected as successor to the outgoing RBI governor Raghuram Rajan, the banking sector could play a key role in influencing the market direction.

Experts said that while some of the top-performing BSE500 stocks such as Bajaj Finance have risen on strong fundamentals, rally on others such as Vedanta was sheer news-driven and may not sustain for long.

Asia's oldest stock market Sensex too has taken a giant leap during the post-liberalisation era with the number of companies listed on BSE doubling to 5,835 from just 2,556, 25 years back.

Data compiled by database AceEquity suggested five of these stocks managed to offer a compound annual growth rate (CAGR) in excess of 9.5 per cent, higher than prevailing 5-year fixed deposit rates.

FM Jaitley might believe situation will improve from hereon, marketmen closely tracking the sector expect state-run lenders to continue to bleed for at least another two-three quarters.

As Dalal Street gets into the thick of earnings season, it's safe to conclude the corporate results released so far have not disappointed investors and can at best be called a mixed bag.